Irish Inflation Rises To 2.0% In August

Ireland's consumer price inflation increased in August to the highest level in four months, data from the Central Statistics Office showed on Thursday.

The consumer price index climbed 2.0 percent year-over-year in August, faster than the 1.7 percent rise in July.

Prices for food and non-alcoholic beverages grew 5.1 percent annually in August, and clothing and footwear prices were 3.4 percent higher. Meanwhile, transport charges were 2.3 percent less expensive.

EU-harmonized inflation also rose to a 4-month high of 1.9 percent in August from 1.6 percent in the prior month. That was slightly above the 1.8 percent seen in the flash estimate published earlier.

On a monthly basis, consumer prices moved up 0.4 percent in August after rising 0.1 percent in July. The HICP also showed an increase of 0.4 percent.

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